Headwater Exploration Inc. (TSE:HWX) Receives C$11.68 Average PT from Analysts

Shares of Headwater Exploration Inc. (TSE:HWX) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$11.68.

Several equities research analysts have recently weighed in on HWX shares. BMO Capital Markets increased their price objective on Headwater Exploration from C$11.00 to C$13.50 and gave the company an “outperform” rating in a research report on Friday, March 6th. Desjardins increased their price objective on Headwater Exploration from C$11.00 to C$11.75 and gave the company a “hold” rating in a research report on Friday, March 6th. National Bank Financial increased their price objective on Headwater Exploration from C$11.50 to C$13.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, Royal Bank Of Canada increased their price objective on Headwater Exploration from C$11.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Monday, March 9th.

Headwater Exploration Trading Up 3.9%

Shares of HWX stock opened at C$13.19 on Friday. Headwater Exploration has a 12 month low of C$5.54 and a 12 month high of C$13.56. The company has a quick ratio of 2.07, a current ratio of 1.23 and a debt-to-equity ratio of 1.88. The business’s 50 day moving average is C$12.40 and its two-hundred day moving average is C$10.29. The company has a market cap of C$3.14 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 0.83 and a beta of 0.44.

About Headwater Exploration

Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.